Net Leased Dollar General For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased Dollar General property located in Dry Prong, Louisiana. The property is strategically located along the trade area’s primary north-south thoroughfare. The Dollar General lease commenced on November 1, 2016. The fifteen years Dollar General lease features 10% rental escalations in each of the three 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.

The 9,014 square foot Dollar General building is strategically located along Louisiana Highway 167 which is the primary north-south thoroughfare in the trade area. The property is located approximately ten miles north of Alexandria. The Alexandria MSA has a population of 155,000 people.

Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.